I note that the 24, 50 had crossed a while back and didn't seem to indicate anything at all. I also watch an EMA and it almost had a golden cross like trend fell back crossed the other way had the little run, with emphasis on little, to $1.40 and is now being dumped despite trading above the 200 SMA
In all that the 200 SMA did not tick up.
I understand technical trading as I studied it for a couple of years but also read the book which showed how some stocks follow the patterns while others didn't take heed. So unfortunately I am a non believer when it comes to TA as it is only backward looking. Sure people trade off its many patterns etc but are only following rules that are drummed into their skulls. Eventually someone for non technical reasons changes their mind and so another trend is is formed and everyone follows. It's called trade the traders
Anyway let's see where the next trend takes us.
Thanks for your explanation.
Cheers BW
DLS Price at posting:
$1.25 Sentiment: LT Buy Disclosure: Held
